Semiconductor ETF (SMH)

No chart, just an opinion. With Semi's up strong today, CNBC had a guy touting the sector and how to get in.

Tomasulo talking up SMH. He likes SMH but not INTC?!! WTF? SMH is 24% INTC, 14% AMAT and 19% TXN. Of all the ETF's this one is not worth buying, IMO. Tomasulo's reasoning is flawed. 60% of this ETF is three companies.

I like the smaller players in this sector, FWIW: CY and MRVL. Maybe a little speculative for some traders, but if INTC is going to go up, these should fly.

Tech names in other sectors outside of Semi's that are reasonable Lotto tickets: PEGA, FIRE.

Long opportunity: PEGA

PEGA Long at 24.21.  Let's assume the world does not end tomorrow.  This is a software company that had 28% revenue growth this year and earnings that are galloping along... not too shabby for Armageddon recession.

Sure, it trades at a premium, but it has no debt and $4/share is cash.

Lottery ticket that could double, get acquired... or go to zero (doubtful).

My 2 cents on macro: if this economy recovers, intellectual property will pull us out of the tailspin.  Our greatest resource is still human capital and companies that can increase those returns for their clients will outperform.